Truist Financial Corp purchased a new position in shares of New York Community Bancorp, Inc. (NYSE:NYCB – Get Rating) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 11,978 shares of the financial services provider’s stock, valued at approximately $128,000.
A number of other institutional investors have also added to or reduced their stakes in NYCB. Rinkey Investments acquired a new position in New York Community Bancorp during the 4th quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC increased its holdings in New York Community Bancorp by 120.4% during the 4th quarter. Moisand Fitzgerald Tamayo LLC now owns 2,204 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 1,204 shares in the last quarter. Column Capital Advisors LLC bought a new stake in New York Community Bancorp during the 4th quarter worth approximately $28,000. CWM LLC bought a new stake in New York Community Bancorp during the 4th quarter worth approximately $29,000. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in New York Community Bancorp by 833.3% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 2,800 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 2,500 shares in the last quarter. 61.01% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other New York Community Bancorp news, Director Ronald A. Rosenfeld acquired 35,000 shares of the stock in a transaction that occurred on Friday, June 10th. The shares were bought at an average price of $13.72 per share, for a total transaction of $480,200.00. Following the completion of the transaction, the director now owns 30,000 shares of the company’s stock, valued at approximately $411,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.58% of the stock is currently owned by company insiders.
New York Community Bancorp Trading Up 0.2 %
New York Community Bancorp (NYSE:NYCB – Get Rating) last posted its earnings results on Wednesday, July 27th. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.03. The firm had revenue of $377.00 million for the quarter, compared to the consensus estimate of $353.96 million. New York Community Bancorp had a return on equity of 9.80% and a net margin of 34.51%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.33 earnings per share. As a group, analysts expect that New York Community Bancorp, Inc. will post 1.24 EPS for the current year.
New York Community Bancorp Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, August 8th will be given a $0.17 dividend. The ex-dividend date of this dividend is Friday, August 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.40%. New York Community Bancorp’s dividend payout ratio (DPR) is presently 56.20%.
Wall Street Analysts Forecast Growth
A number of analysts have commented on NYCB shares. B. Riley decreased their price objective on New York Community Bancorp from $11.00 to $10.00 in a report on Monday, July 11th. TheStreet lowered New York Community Bancorp from a “b” rating to a “c+” rating in a report on Thursday, May 5th. Keefe, Bruyette & Woods lowered New York Community Bancorp from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a report on Thursday, June 2nd. Finally, Stephens lowered New York Community Bancorp from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $12.00 to $9.00 in a report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating and three have given a hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $10.00.
New York Community Bancorp Company Profile
New York Community Bancorp, Inc operates as the bank holding company for New York Community Bank that provides banking products and services in Metro New York, New Jersey, Ohio, Florida, and Arizona. The company accepts various deposit products, such as interest-bearing checking and money market, savings, non-interest-bearing, and individual retirement accounts, as well as certificates of deposit.
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